In real estate, a grant by government that eases the financial burden of holding, using or improving real property. 1. A direct subsidy is a subsidy which is of direct, visible benefit to the recipient, such as a cash grant. 2. An indirect subsidy is a subsidy whose benefit is felt indirectly, such as tariffs or farm price supports which may affect the land values in a particular area.
The funds provided typically by a builder or seller to temporarily reduce a borrower’s monthly principal and interest payments.
The ownership rights a parcel of real estate has to the water, minerals, gas, oil that is beneath the surface.
A development of real estate in areas surrounding the central area of a city.
The legal act or right of acquiring property by descent or also succeeding to an asset by will or inheritance.
A party who follows or comes after such as a buyer of a business who becomes the seller’s successor.
The liability that a buyer of a business might have for nonpayment of sales taxes by the seller.
The interest that an owner has when a tenant holds over without the owner’s consent after the expiration of a lease. See Estate at sufferance.
A means by which conveyed real estate can be identified in a deed so that it will legally hold up in court.
A law suit initiated by a landlord to evict a tenant from leased premises after the tenant has breached the terms of the lease or has retained possession after the lease has expired.
